Solar Panel Cost Guide in East Milton, FL (Mar 2023)
- East Milton Solar Installation Cost: $10,290
- 25-Year Savings: $25,549
- Payback Period: 7.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in East Milton
Find out what the average cost of solar panel installation is in East Milton.
In East Milton, solar panels cost about 2.53 per watt on average. To account for the typical energy needs of the average home in East Milton, most homeowners require a 5.8-kilowatt system. Using the per-watt figure above, a solar installation costs about $10,290, or $14,715 before the federal solar tax credit of 30% is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy consumption, the type of solar panels you want to get, your solar contractor and more. Many homeowners find going solar is a solid investment. The average homeowner in East Milton can save around $23,000 on their electricity bills over 20 years.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in East Milton
| Year | Return on Investment |
|---|---|
| 1 years | $-8,856 |
| 3 years | $-5,989 |
| 5 years | $-3,122 |
| 7 years | $-255 |
| 9 years | $2,612 |
| 11 years | $5,479 |
| 13 years | $8,346 |
| 15 years | $11,213 |
| 17 years | $14,080 |
| 19 years | $16,948 |
| 21 years | $19,815 |
| 23 years | $22,682 |
| 25 years | $25,549 |
Top Solar Installers in East Milton
Putting up solar panels yourself can be a dangerous task, which is why getting a solar installation company is a good option for many homeowners. Plus, if you're not certain what brand of solar panels and equipment you want, a solar company can help you find the right equipment for you after a site survey and consultation.
There are several licensed solar professionals that can help you install your solar panels. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in East Milton
Factors that Affect Solar Panel Costs in East Milton
There are a number of factors that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
When it comes to estimating the cost of solar panels in East Milton, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy consumption, which you can determine by looking at past power bills. Your overall cost can increase by around $2,530 for each additional kilowatt you need. The kind of solar panels and equipment you get is another factor that will significantly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that's in your budget.
Solar Financing Terms
Most solar installers in East Milton have solar loans, which reduce your upfront costs of installing solar panels. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in East Milton is the company you hire to install your PV system. As with choosing a company to build a deck or pool, for example, there's no shortage of solar installers that provide a range of services at different costs. Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.63 | $11,051 | $25,976 | 7.5 years |
| 8 kW | $2.58 | $14,451 | $34,918 | 7.3 years |
| 10 kW | $2.53 | $17,710 | $44,002 | 7.2 years |
| 12 kW | $2.48 | $20,827 | $53,227 | 7.0 years |
| 14 kW | $2.43 | $23,802 | $62,594 | 6.9 years |
| 16 kW | $2.38 | $26,636 | $72,103 | 6.7 years |
| 18 kW | $2.33 | $29,328 | $81,754 | 6.6 years |
| 20 kW | $2.28 | $31,878 | $91,546 | 6.5 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose considerably affects your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Different companies will carry different brands and models of panels. If you want a specific brand, make sure the solar panel company you're considering has it.
- Warranty: If you're concerned about the longevity of your solar system, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can verify your installer's reputation is by reading reviews.
- Contract: It's important to look over your solar installer's contract fully to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's East Milton, FL Solar Cost FAQs
How much does it cost to install solar panels in East Milton?
The average cost of solar panels in East Milton is about $12,650 for a 5-kW system and $25,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in East Milton?
Leasing solar panels can be an attractive choice, as it often comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.
Can solar panels eliminate my electricity bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in East Milton, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.